Citigroup tower may be sold to the Chinese | Mail Online
The Citigroup building in London's Docklands could soon be in the hands of the Chinese, who are in talks over a possible bid of more than £1 billion for Britain's third-tallest building.
China Investment Corporation, the sovereign wealth fund, is in negotiations to acquire the 42-storey tower in Canary Wharf, which has been put up for sale by British entrepreneur Glenn Maud and Derek Quinlan, the former Irish tax inspector who is having to sell assets to pay debts from Ireland's banking crisis.
The Chinese met advisers last weekend and are understood to be keen to acquire the trophy asset, which is let to Citigroup as its headquarters for Europe, Asia and the Middle East.
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